Trend detector checks trend direction on low, current and high timeframes Used together with Entry Point Indicator
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Trend detector checks trend on 3 timeframes:
1. Trend direction on a low timeframe (top indicator line) 2. Trend direction on a current timeframe (middle indicator line) 3. Trend direction on a high timeframe (bottom indicator line)
Script work on all markets: Stocks/Crypto/Forex Timeframes: H1-W1
Script used as a supplementary Indicator for Entry Point Indicator to confirm the provided signals but could be used with other trading systems as well.
Usage: When all 3 dots are green it means that we are in an uptrend market so all SELL signals should be ignored. When all 3 dots are red it means that we are in an downtrend market so all BUY signals should be ignored.
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Minor code fixes.
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Fixed repaint issues
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Fixed indicator repainting Added high/low timeframe user configurations Added ATR configuration that allows controlling indicator sensitivity